Bridging Finance
Explained
[/et_pb_text][et_pb_text _builder_version=”4.25.1″ _module_preset=”da86b6f0-f83c-4c7c-bdd8-3019777ddffe” text_text_color=”#000000″ text_line_height=”1.6em” text_font_size_tablet=”15px” text_font_size_phone=”14px” text_font_size_last_edited=”on|desktop” global_colors_info=”{}”]We know that Bridging Finance can be confusing, so we have had our experts put together this FAQ page just for you. Not finding what you need? Reach out below, we are happy to help.
[/et_pb_text][et_pb_button button_url=”https://bridgingfinance.com/apply/” button_text=”Chat To Us” _builder_version=”4.25.1″ _module_preset=”4449fc3b-b2e1-457d-bd50-c55d5be30f46″ custom_button=”on” button_text_size=”14px” button_text_color=”#FFFFFF” button_bg_color=”#000000″ button_border_width=”0px” button_border_radius=”50px” button_letter_spacing=”2px” button_icon=”$||divi||400″ custom_padding=”16px|40px|16px|40px|true|true” global_colors_info=”{}”][/et_pb_button][/et_pb_column][et_pb_column type=”2_5″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][/et_pb_column][/et_pb_row][et_pb_row column_structure=”1_6,1_6,1_6,1_2″ use_custom_gutter=”on” gutter_width=”1″ _builder_version=”4.26.1″ _module_preset=”default” custom_margin=”||||false|false” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_6″ _builder_version=”4.26.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https://bridgingfinance.com/wp-content/uploads/2024/05/estate-planning-81.png” title_text=”estate-planning-81″ _builder_version=”4.26.1″ _module_preset=”default” custom_margin=”-20%|-15%|80px|-12%|false|false” custom_margin_tablet=”0%|0%||0%|false|false” custom_margin_phone=”||-50%||false|false” custom_margin_last_edited=”on|tablet” animation_style=”roll” global_colors_info=”{}”][/et_pb_image][/et_pb_column][et_pb_column type=”1_6″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https://bridgingfinance.com/wp-content/uploads/2024/05/estate-planning-78.png” title_text=”estate-planning-78″ _builder_version=”4.26.1″ _module_preset=”default” custom_margin=”-60%|||-40px|false|false” custom_margin_tablet=”0%|||0%|false|false” custom_margin_phone=”” custom_margin_last_edited=”on|tablet” animation_style=”roll” border_radii=”on|1000px|1000px|1000px|1000px” global_colors_info=”{}”][/et_pb_image][/et_pb_column][et_pb_column type=”1_6″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https://bridgingfinance.com/wp-content/uploads/2024/05/estate-planning-80.png” title_text=”estate-planning-80″ _builder_version=”4.26.1″ _module_preset=”default” custom_margin=”-80px|10px||-70px|false|false” custom_margin_tablet=”0%|0%||0%|false|false” custom_margin_phone=”||-50%||false|false” custom_margin_last_edited=”on|tablet” custom_padding=”0px|10px|||false|false” animation_style=”slide” global_colors_info=”{}”][/et_pb_image][/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https://bridgingfinance.com/wp-content/uploads/2024/06/james-feaver-Y4ckjTPdWks-unsplash-scaled.jpg” alt=”Bridging Loan Uses” title_text=”Bridging Loan Uses” _builder_version=”4.26.1″ _module_preset=”default” module_alignment=”left” custom_margin=”-130px|||8px|false|false” custom_margin_tablet=”|0%|||false|false” custom_margin_phone=”||-50%||false|false” custom_margin_last_edited=”on|tablet” custom_padding=”|||20px|false|false” border_radii=”on|1000px|1000px|1000px|1000px” global_colors_info=”{}”][/et_pb_image][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ admin_label=”FAQ” _builder_version=”4.16″ _module_preset=”default” background_color=”#d2d6e3″ locked=”off” global_colors_info=”{%22gcid-0ce8a763-63f9-4b73-a0c5-972528f981a1%22:%91%93,%22gcid-4c4817dc-5fff-48ae-ad50-dfdb1eabb775%22:%91%93}” custom_padding=”19px|||||”][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.25.1″ _module_preset=”90865f4d-2cce-42a7-b40e-d3fbad25605a” header_2_text_color=”#000000″ header_2_font_size=”43px” header_2_line_height=”1.2em” custom_margin=”||10px||false|false” header_2_font_size_tablet=”32px” header_2_font_size_phone=”20px” header_2_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]Frequently Asked Questions
[/et_pb_text][/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_accordion open_toggle_background_color=”RGBA(0,0,0,0)” closed_toggle_background_color=”RGBA(0,0,0,0)” icon_color=”#000000″ use_icon_font_size=”on” _builder_version=”4.25.1″ _module_preset=”default” toggle_text_color=”#000000″ toggle_font_size=”22px” toggle_line_height=”1.4em” body_text_color=”#000000″ toggle_font_size_tablet=”20px” toggle_font_size_phone=”16px” toggle_font_size_last_edited=”on|phone” body_font_size_tablet=”15px” body_font_size_phone=”14px” body_font_size_last_edited=”on|phone” border_width_all=”0px” border_color_all=”rgba(0,0,0,0.12)” border_width_bottom=”1px” global_colors_info=”{%22gcid-af512a5f-530a-4e80-bfc4-3632d9174c8b%22:%91%93}”][et_pb_accordion_item title=”What is bridging finance? ” open=”on” _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”]A bridging loan is a short-term loan used while the borrower secures permanent financing or pays an existing obligation. This loan provides immediate cash flow to the borrower. A bridging loan normally requires to be backed by collateral, such as real estate.
[/et_pb_accordion_item][et_pb_accordion_item title=”How is a bridging finance loan paid back?” _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}” open=”off”]You can pay back a bridging finance loan whenever you have the money as there is no set due date. Lenders typically expect you to pay off the loan within a year. If it is a closed bridging loan then you are given a predetermined date to pay back the loan.
[/et_pb_accordion_item][et_pb_accordion_item title=”Do you need a good credit rating for a bridging loan?” _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}” open=”off”]A poor credit score may lead to lenders viewing you as a high-risk borrower which may lead to them being less inclined to approve your loan. Lenders may find this reason enough to reject your bridging while others may still supply the funding.
[/et_pb_accordion_item][et_pb_accordion_item title=”What is the purpose of a bridging loan?” _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}” open=”off”]Bridging loans are used to buy or raise capital to secure a residential or commercial property. Bridging loans can be secured faster than other more traditional ways.
[/et_pb_accordion_item][et_pb_accordion_item title=”What are the requirements for a bridging loan?” _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}” open=”off”]Bridging loan requirements vary depending on the lender but most will need a deposit or equity as collateral and may require proof of income and a credit check.
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